• Bangko Sentral ng Pilipinas awarded all of 270b pesos ($4.83b) term deposits offered at its weekly auction on March 6.
  • 7-day term deposit oversubscribed; yields fell
  • 14-day term deposit oversubscribed; yields rose
  • Total bids 303.7b pesos. Last week, bids reached 190.9b pesos for an offering of 210b pesos